The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
The Republican and Democratic Senate Judiciary leaders have called for changes to the market structure bill, arguing it would “weaken” the ability to police money transmitters.US Senate Judiciary Committee leaders are seeking to remove crypto developer protections from the Senate’s crypto market structure bill, arguing the provisions would weaken unlicensed money transmitting laws.
Senate Banking Committee chair Tim Scott and top Democrat Elizabeth Warren on Wednesday that the crypto bill as drafted would “create a significant enforcement gap for decentralized digital asset platforms.” “Such a gap risks attracting illicit actors — like cartels and other sophisticated criminal organizations — to decentralized platforms,” Grassley and Durbin said in a letter Politico first “Criminals already use tactics to obscure unlawful transactions. This bill would make prosecuting this conduct even more difficult,” they added.of the Blockchain Regulatory Certainty Act , which aims to clarify that making crypto software or maintaining networks is exempt from federal or state money-transfer laws.The Senate Judiciary Committee has jurisdiction over the country’s main criminal laws and the Justice Department, and Grassley and Durbin said it “was not consulted or given the opportunity to meaningfully review the proposed changes in advance.” Charles “Chuck” Grassley , pictured at a nomination hearing in January 2025, is pushing the Senate Banking Committee to change its crypto bill. Source:The pair asked the Banking Committee to “reject any proposed language” that they said would “weaken the government’s ability to hold culpable actors accountable for operating unlicensed money transmitting businesses.”Grassley and Durbin’s letter is the latest hangup to the Senate bill, after both the Banking and Agriculture Committees delayed scheduled markups of the bill in order to drum up bipartisan support. If the bill survives the two committees and makes it to the Senate floor, it may need bipartisan support as it will need 60 votes to pass, which could require all 53 Republicans, along with some Democrats, to support it.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three reasons why Bitcoin's 'real breakout' toward $107K has begunThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Spot Bitcoin ETFs attract $1.42B in strongest week since early OctoberThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Coinbase CEO denies White House clash, says negotiations are ongoingThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
'Obscure' laws stall Bitcoin reserve: White House Crypto Council directorThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Adapt or die: Solana Labs CEO opposes Buterin’s approach to blockchain longevityThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Steak 'n Shake announces $10M notional increase on Bitcoin holdingsThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »